Product Description

Prepare your personal and business returns with Taxcut 2007 Home and Business. Receive guidance for corporate, partnership and payroll business returns, plus personal tax forms, from 1040EZ to Schedule C. Wth this software, you get personal and business federal programs, personal and unlimited business state programs, both federal and state personal e-file, DeductionPro and one free tax advisor session included. 1099-MISC/W-2 Preparation - Quickly print W-2 and 1099 forms and reports for your employees and contractors. K-1 Preparation - Easily prepare and print K-1 forms for partners and shareholders.

Product Details

• Amazon Sales Rank: #2455 in Software
• Brand: H&R Block
• Model: 1116600-07
• Released on: 2007-11-23
• Platforms: Windows XP, Windows Vista, Windows 2000
• Format: CD-ROM
• Dimensions: .50 pounds

Features

• Includes everything you need to complete and e-file your personal and business federal and state taxes
• Everything from TaxCut Premium + State + E-file plus Complete Business Coverage, Business Tax Planner, Business Depreciation Assistance, 1099-MISC/W-2 Preparation, and K-1 Preparation
• Step-by-step interview guides you through a customized process
• Includes advice on how to find every deduction you deserve and get the maximum refund
• Includes advanced tools for investors and business owners

Amazon.com
TaxCut Home & Business is two complete programs in one, and it includes everything you need to complete and e-file your personal and business federal and state taxes. You also get guidance for corporate, partnership, and payroll business returns, as well as personal tax forms from 1040EZ to Schedule C. A step-by-step interview guides you through a customized process, and the product includes Worry-free Audit Support, Personal Tax Advice, e-file for one personal federal return and one personal state return, unlimited business state returns, guaranteed accurate calculations, and Business Attorney software included at no extra cost.

Everything you need to complete and e-file your personal and business federal and state taxes.

Includes everything from TaxCut Premium + State + E-file plus:

Complete Business Coverage
Helps you prepare returns for a number of business types, including Corporations, S Corporations, Partnerships, Limited Liability Companies (LLCs), Non-profits and Estates & Trusts. Plus, the program handles Payroll Taxes as well.

Business Tax Planner
Project your estimated business earnings and tax liabilities for the next three years.

Business Depreciation Assistance
Calculate and track depreciation on various types of business assets.

1099-MISC/W-2 Preparation
Quickly print W-2 and 1099 forms and reports for your employees and contractors.

K-1 Preparation
Easily prepare and print K-1 forms for partners and shareholders.

Includes everything you need to complete your federal and state taxes. View TaxCut Demo (all versions)

Guidance for every personal tax situation from 1040EZ to Schedule C.

Includes free Federal and State E-file--get your refund in as little to 8-15 days.

The Basics:

Step-by-Step Interview
Our simple interview quickly walks you through the return process to automate your return.

Seamless Imports
Quickly and easily import last year's tax and financial data from TaxCut, Turbo Tax, Quicken, Microsoft Money, and H&R Block DeductionPro, as applicable.

Error Check
Our program automatically double-checks your return for errors.

Get Your Refund Fast
E-file your return, and get your refund in as little to 8-15 days.(additional fees apply)

Extra Help to Maximize Deductions:

Customized Tax Advice
Receive tax guidance on changing tax situations, like getting married, having a baby, buying a home and more.

Charitable Donation Help
H&R Block DeductionPro is included for FREE to help you get the most out of your charitable donations.

Maximize Itemized Deductions
Get the tax savings you're entitled to, including deductions related to home ownership, education and more.

Schedule C Support
Extra deduction help for the self-employed, including home office, rental property and depreciation assistance.

Business Expense Assistant
The program provides extra guidance to make sure you're claiming all deductible business expense, including advertising costs, meals and travel expenses, and office supplies.

Investor Guidance
Additional help figuring cost basis for investment income.

IRS Publications
Quick access to IRS Publications for further explanation of specific tax situations.

Multimedia Video Advice
Our tax professionals explain how changing tax laws affect you.

Guarantees:

Worry-free Audit Support
You can rest easy knowing H&R Block is there to help in the rare event of an audit. Included when you e-file your federal return with us.

Accurate Calculations Guaranteed
If TaxCut makes a calculation mistake, we'll pay resulting IRS penalties plus interest. See the license agreement for details.

100% Satisfaction Money-Back Guarantee.
If you are dissatisfied with the software for any reason, H&R Block will refund the full license fee you paid H&R Block or its authorized reseller for the software, exclusive of shipping and handling charges, taxes, and less any rebate you receive on the software.

Customer Reviews

Good For Normal Taxes
Very good product for the "normal" tax payer. Schedule C info is very good but some of the intricacies of LLC and S-Corp fillings are a bit harder to understand and the questions are not as clear as they should be.

Bottom line, if you own a home and you have mortgage and/or a sole propitiership, this is top notch 5 stars. If you recently formed an LLC and are looking towards this product I would strongly recommend you speak to a tax professional ( A CPA not one of the chain stores) instead.

Tax Cut vs. Turbo Tax
I bought Tax Cut Home and Business because it had the proper forms for my LLC, unlike Turbo Tax. Plus, the cost was much cheaper than Turbo Tax. However, what they don't tell you is that as often as not, when looking for information, it will direct the user to the government instructions on how to fill out the answer to their questions. Plus, when doing a search, it does not search on key words, only on forms. I did an error check, and it had two of the same errors (on two K-1 forms for two different members of the LLC) and it allowed me to change the value on both as it directed me to, but it did not recognize one of the changes, even though it was the same form for two different people. Lastly, it doesn't automatically import data from the forms you fill out on the business software to your personal return. Unless I'm mistaken, you need to print it out, then manually put the values in the right places. This software is not dumbed down like Turbo Tax - if you know your way around IRS tax forms for business, this software is for you. But then, if you know your way around the IRS forms, you don't need the software.

Right now, I'm thinking about going back to Turbo Tax next year.

Avoid the frustration
This review is in reference to the 1041 and related forms. Instead of buying this program just use the forms on the IRS website, because Taxcut's help menu will send you there anyway. The "walk through interview" is a joke. Navigating thru the forms is very cumbersome and heaven forbid if you incorrectly enter anything and try to correct it. I talked to someone at H&R Select and they informed me that the program assumes you have a certain level of knowledge to use the program (like your Masters in accounting?). They also informed me they do not use the program. So I thought I would be generous and give it a one star rating.